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Learn about the city Facebook is building, which will include housing, a grocery store and a hotel!

Millions of people spend a lot of time on their Facebook social networks. But now, Facebook wants to try its luck in creating a community in the real world.
Internet giant wants to build housing, retail stores, hotel and more at the company headquarters, in short, Facebook wants to build his own city:

Facebook unveiled its plans on Thursday for the massive new construction project at Menlo Park, California, part of Facebook's plans to expand its base. The 56-acre site, which Facebook bought in 2015, is estimated at $ 400 million, directly across the street from Shashka. It will provide 1.6 million square feet of housing, or 1,500 units.
Following his announcement of the plans, Facebook described the future development as a "mixed use village" that would provide residents (many of whom would be Facebook employees), housing, transport services and other facilities.
"We plan to build 125,000 square feet of new retail space, including a grocery store and pharmacy," says Facebook.
Here is the picture given by Facebook that shows how it will live in his city:
According to a person familiar with the plans, the construction will take about a decade, and the first phase of the project, which will include housing and the grocery store, will be completed in the first half of 2021. The later stages will be completed every two years, according to reports on Facebook.
While it is likely that most housing will go to Facebook employees, but the latter will open housing for the community as a whole. The housing will be affordable, with 225 units, or 15%, at prices below the market price.
While Facebook has submitted plans to the city of Menlo Park, it has not yet been approved. The company expects the approval process to take about two years.

Learn about the city Facebook is building, which will include housing, a grocery store and a hotel! Reviewed by Unknown on Monday, July 10, 2017 Rating: 5

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